HomeMy WebLinkAbout18-033 PLFRA Bylaws Amendment
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 18-033
A RESOLUTION AUTHORIZING REVISIONS TO ARTICLE VIII SECTION 5 OF THE
BYLAWS OF THE PRIOR LAKE RELIEF ASSOCIATION
Motion By: McGuire Second By: Braid
WHEREAS,
WHEREAS,
The bylaws of the Prior Lake Volunteer Firefighters Relief Association provide for a
defined contribution benefit; and
Existing Article VIII Section 5 provides that a member on deferred pension or on
early vested pension roll shall receive an annual payment of 5% interest on his/her
pension amount annually on December 31 of each year; and,
WHEREAS, The Board of Trustees have proposed, approved and the membership has
approved by 2/3rds vote the following language to replace all existing language of
Article VIII, Section 5 as follows:
“During the time that a member who was hired prior to March 1, 2018 is on the
deferred pension roll or early vested pension roll, the association shall add to the
amount payable to such member interest of 5% on December 31st of each full year
that the member was on the deferred pension roll. Any member who was hired
after March 1, 2018 and is on the deferred pension roll or early vested pension roll,
shall receive no interest added to the deferred pension roll.”
WHEREAS, It is in the best interest of the City of Prior Lake and the Prior Lake Fire Relief
Association to adopt this amendment in order for the City to continue to recruit,
retain and reward volunteer fire service.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The Prior Lake Volunteer Firefighter Relief Association Bylaw amendment set forth above is
hereby approved for immediate incorporation and publication in the bylaws.
PASSED AND ADOPTED THIS 19TH DAY OF MARCH 2018
VOTE Briggs McGuire Thompson Burkart Braid
Aye ☒ ☒ ☒ ☐ ☒
Nay ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☒ ☐
Abstain ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager